Archive for October 6th, 2008
From the BBC:
GERMANY
The country’s second-biggest commercial property lender, Hypo Real Estate, was threatened with collapse last week after incurring large amounts of bad debt.
The government attempted a bail-out, only for it to collapse on Sunday after a banking consortium withdrew support for the deal. A new bail-out was arranged with guarantees of 50bn euros ($68bn; [...]
